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Massive $40bn Canadian LNG project wins greenlight from owners

Staff Writer |
LNG Canada announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build the LNG Canada export facility in Kitimat, British Columbia, in the traditional territory of the Haisla Nation.

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“The Final Investment Decision taken by our joint venture participants shows that British Columbia and Canada, working with First Nations and local communities, can deliver competitive energy projects,” said Andy Calitz, CEO of LNG Canada.

“This decision showcases how industrial development can co-exist with environmental stewardship and Indigenous interests.” The Rt.

Justin Trudeau, Prime Minister of Canada said, “Today’s announcement by LNG Canada represents the single largest private sector investment project in Canadian history.

It is a vote of confidence in a country that recognizes the need to develop our energy in way that takes the environment into account, and that works in meaningful partnership with Indigenous communities.” Each joint venture participant will be responsible to provide its own natural gas supply and will individually offtake and market its share of LNG.

The FID is for two processing units or “trains,” with first LNG expected before the middle of the next decade.

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